International Macroeconomics
ECON 1550
Subject & Catalog Number
Course Information
Description
This course deals with the macroeconomics of open economies. Topics include the foreign exchange market, devaluation, and import and export elasticities; the simultaneous determination of the trade balance, national income, the balance of payments, money flows and price levels; capital flows in internationally integrated financial markets; monetary and fiscal policy in open economies, including at the Zero Lower Bound for interest rates; crises; international macroeconomic interdependence and policy coordination; supply relationships, inflation, and nominal anchors for monetary policy; currency unions; the determination of exchange rates in international money markets; and international portfolio diversification.
Course Notes
Offered jointly with HKS as BGP-620.
Recommended Prep
Micro and Macro, preferably at the level of Economics 1010a (or 1011a) and 1010b (or 1011b).
Available for Harvard Cross Registration
NOTE: This course requires additional sections; you will be prompted to choose secondary components during the Add to Cart process
